BMW to cut bonuses and hike working hours in Germany
The car company's bonus cuts and other measures are part of a push to save more than €12bn and free up funds for developing new tech
27 November 2019 - 16:03
Frankfurt — BMW will slash bonus payments and expand working hours for some employees in Germany as the luxury-car maker grapples with the costly shift to electric and self-driving vehicles.
While BMW’s efforts lack the bite of drastic cutbacks at outlined by rival Audi, they reflect the growing pressure facing Germany’s horsepower-focused brands to adapt to a new automotive era...
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